Paulo

Canadian Dollar vs. European Currencies

In the past half century, the Canadian dollar has traded above the American dollar on a number of occasions (and under a floating currency exchange system will do so on and off again in the future).
The Canadian dollar has also traded at less than two-thirds of the value of the American dollar in that same time frame (and could do so again under similar circumstances).
The average investor (more than the trader) can use these fluctuations to good advantage -- converting Canadian dollars to Euros or Swiss francs when it hit $1.10 produced a nice return and selling investments in American dollars as their value declined but the Canadian dollar declined even more enabled you to at least break even.
U.S. investors who bought preferred shares of Canadian financial institutions at or near the most recent low of the Canadian dollar will have done quite well, no?